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INSTITUTIONAL INVESTOR, ECONOMIC POLICY UNCERTAINTY, AND INNOVATION INVESTMENT: EVIDENCE FROM CHINA

Zhenjiang Dou, Lei Wei, Jingyi Wang

Innovation-driven economic development is a global trend. Specifically, in the Sino-American trade war, the events, such as the suppression of Huawei 5G, knock the alarm bell of independent research and development (R&D) in all countries. Hence, the entire society is aware of the strategic signifikance of corporate innovation and key technologies to the companies and the entire country. Compared with traditional investments, such as fixed assets investment, the Innovation investment is featured by large capital demand, long recycling period, high risk, and others. The interruption of the capital supply chain will generate high adjustment costs and sunk costs (Ju et al., 2013; Gu et al., 2019). As important enterprise managers, institutional investors have become an important force that cannot be ignored in the current capital market.
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A BEHAVIORAL THEORY OF THE FIRM: SPECIFICS OF CZECH ENTREPRENEURIAL BEHAVIOR

Ivana Mandysová

Despite voluminous literature on the entrepreneurial behavior, studies examining Czech specifics are very rare – specified below. Most of studies come from US and relatively few from Europe, namely Netherlands and Austria.
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CLASSIFICATIONS OF ENVIRONMENTAL QUALITY EFFECTS: THE CASE OF CANADIAN CITIES

Dimitrios Giannias, Eleni Sfakianaki

Environmental amenities have been associated with economic development since earliest time; for example, Egypt and Mesopotamia developed in the river valleys of the Nile, Tigris and Euphrates in the ancient times, mainly because the environment in these valleys was favorable for agriculture. Although man-made facilities are often needed to complement a natural environment, resorts such as Greek Islands and Florida beaches are, in effect, selling a type of environment peculiar to the locality in which they are situated.
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Senior Managers and SMEs’ Propensity to Quality Improvement

Luís António Fonseca Mendes

More and more, researches carried out, over a number of countries, have been stressing the importance of quality improvement in firms’ overall performance, whatever their size, the economic sector they operate in, or their localization, highlighting that this is a factor crucial for the success of every company and determines how they progress towards excellence or not.
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Production Function and Demand for Factors

Bohuslav Sekerka, Jolana Volejníková

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